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Subsequent Events (Tables)
 6 Months Ended
Jun. 30, 2021
Subsequent Events [Abstract]  
Schedule of Equity Activity
The following table provides information on equity sales that have occurred subsequent to June 30, 2021 (dollars in thousands, except per-share amounts):
Type of IssuanceNumber of
Shares Sold		Weighted Average Offering Price
Per Share		Gross Proceeds
Net Proceeds(1)
Series C Preferred Stock(2)
169,425$24.89 $4,217 $3,854 
Common Stock – ATM Program849,28523.70 20,132 19,931 
(1)Net of Selling Commissions and Dealer-Manager Fees or underwriting commissions and discounts (in each case, as applicable).
(2)Excludes approximately 1405 shares issued pursuant to the DRIP.
Monthly Distributions Declared by Company's Board of Directors On July 13, 2021, our Board of Directors authorized and we declared the following monthly cash distributions to holders of our preferred and common stock:
IssuanceRecord DatePayment DateDistribution per Share
Series B Preferred Stock:July 23, 2021July 30, 2021$0.125 
August 23, 2021August 31, 20210.125 
September 22, 2021September 30, 20210.125 
Total Series B Preferred Stock Distributions:$0.375 
Series C Preferred Stock:July 28, 2021August 6, 2021$0.125 
August 25, 2021September 3, 20210.125 
September 29, 2021October 6, 20210.125 
Total Series C Preferred Stock Distributions:$0.375 
Series D Term Preferred Stock:July 23, 2021July 30, 2021$0.104167 
August 23, 2021August 31, 20210.104167 
September 22, 2021September 30, 20210.104167 
Total Series D Term Preferred Stock Distributions:$0.312501 
Common Stock(1):
July 23, 2021July 30, 2021$0.0451 
August 23, 2021August 31, 20210.0451 
September 22, 2021September 30, 20210.0451 
Total Common Stock Distributions:$0.1353 
(1)The same amounts paid to common stockholders will be paid as distributions on each OP Unit held by non-controlling OP Unitholders as of the above record dates.